伯恩斯坦_中国化妆品行业2026年展望:彩妆驱动增长,抖音抢占份额,执行力决定优胜者
聚焦伯恩斯坦_中国化妆品行业2026年展望:彩妆驱动增长,抖音抢占份额,执行力决定优胜者。70 target price (based on 20x NTM+1 P/E) to HKD 45 based on lower NTM+1 P/E target multiple. However, we believe there is potential for recovery and future injectable products could be another growth vector.